Torres Consulting

Chinese Fosun acquires Thomas Cook brand assets

Fosun buys Thomas Cook. Doesn’t say much? What if you knew that now Thomas Cook and Club Med are owned by the same company? How much market share does that represent?

Chinese conglomerates keep taking over Western brands, and in a few years they will have a fair share of the industry: Minor and Nh Hotels, the above-mentioned Fosun examples, Jin Jiang and Radisson… the list just grows.

The flow however does not go the other way around, as Chinese economy is very protectionist. Natural course of business or a reason to worry?

Pablo Torres

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